TIDMCRTM

RNS Number : 9053S

Critical Metals PLC

19 March 2021

Critical Metals plc / EPIC: CRTM / Market: Main Market / Sector: Closed End Investments

19 March 2021

Critical Metals plc ("Critical Metals" or the "Company")

Exercise of Warrants and Issue of Equity

Critical Metals plc, a mining investment company established to acquire mining opportunities in the critical and strategic metals sector , is pleased to announce that it has received warrant exercise notices to subscribe for 5,809,021 new ordinary shares of GBP0.005 each in the Company ("Ordinary Shares") (the "Warrant Shares").

The Warrant Shares are being issued pursuant to the exercise of 4,900,000 warrants over Ordinary Shares at an exercise price of 10 pence per Ordinary Share and 909,021 warrants over Ordinary Shares at an exercise price of 5 pence per Ordinary Share (the "Warrant Exercises") for total gross proceeds of GBP535,451.

Russell Fryer, CEO of Critical Metals, commented: "I am appreciative of the fantastic support from shareholders that have exercised their Warrants, which further strengthens the Company's cash position in preparation of future opportunities."

Admission and Total Voting Rights

Application has been made for the 5,809,021 Warrant Shares to be admitted to the standard segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange, and admission of the Warrant Shares is expected to occur on or around 24 March 2021 ("Admission"). The Warrant Shares will rank pari passu with the existing Ordinary Shares.

For the purpose of the Disclosure and Transparency Rules, following Admission the enlarged issued share capital of the Company will comprise 40,109,735 Ordinary Shares. The Company does not hold any shares in treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

**ENDS**

For further information on the Company please visit www.criticalmetals.co.uk or contact:

 
 Russell Fryer              Critical Metals plc            Tel: +44 (0)20 
                                                                7236 1177 
 Rory Murphy /              Strand Hanson Limited          Tel: +44 (0)20 
  James Bellman              Financial Adviser                  7409 3494 
 Lucy Williams              Peterhouse Capital Limited,    Tel: +44 (0)20 
  /                          Corporate Broker                   7469 0936 
  Heena Karani                                             Tel: +44 (0)20 
                                                                7469 0933 
 Catherine Leftley          St Brides Partners Ltd,        Tel: +44 (0)20 
  / Charlotte Hollinshead    Financial PR                       7236 1177 
 

About Critical Metals

Critical Metals was formed as an investment company and intends to make equity investments into operators or near-term production operators within the natural resources development and production sector in the continent of Africa. It is envisaged that such acquisition or acquisitions will trigger a reverse takeover in accordance with the listing rules. The Company intends to search initially for acquisition opportunities in the natural resources sector on known deposits and more specifically minerals that are perceived to have strategic importance to future economic growth. Commodities such as antimony, beryllium, cobalt, copper, fluorspar, gold, rare earth elements, tin, tungsten, titanium, and vanadium have been identified by several governments as "critical minerals" and so guaranteeing supplies is seen as a strategic necessity. The Company therefore believes that the market conditions for these minerals will remain strong in the short-to-long term.

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END

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March 19, 2021 09:25 ET (13:25 GMT)

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